02101-009. Homework Chapter #12 2. Prepare a horizontal analysis for 2022 us... YouTube Chapter #12 Saved Help Save & Exit Sub Check my wor The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) Amount % 2022 2021 82.5 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 2,640,000 1,820,000 3,300,000 14,400,000 (2,160,000) $ 20,000,000 $ 990,000 $ 1,650,000 1,512,000| 308,000 2,178,000 1,122,000 14,400,000 1 0 (1,080,000) 3.240,000 $ 18,000,000 $2,000,000 100.0 $ 2,178,000 (26.9) $ 1,640,000 1.900.000 9,360,000 7,100,000 $ 20,000,000 9,360,000 6,462.000 S 18,000,000 $ (538,000) 1,900,000 95.0 of 638.000 $2,000,000 31.9 100.0